Morning Brief: India — What Happened in the Last 24 Hours

Brent crude jumped nearly 4% to an intraday high after Iran published a draft proposal to bar U.S. and Israeli-linked vessels from the Strait of Hormuz, spiking fresh supply fears even as a broader Iran-Oman deal nears completion.

Watch List

• Hormuz Shipping Ban Proposal: Iran's parliamentary committee is reviewing a draft bill that would explicitly deny passage to U.S. and Israeli ships, potentially scuttling the diplomatic progress made over the past 48...